LONDON – Värde Partners, a leading global investment firm specializing in credit and credit-related assets, today announced that an affiliate of Värde has provided a subsidiary of Titania Holding AB with a SEK 1.7 billion (€150 million) loan to refinance three high-demand multifamily properties in Stockholm, Sweden: Byamannen 2, Topasen 3 and Bjurbäcken 11. The financing is structured in three tranches, with the first SEK 1.04 billion (€95 million) drawn by Titania.
The newly developed properties, totaling 678 residential units, are within close commuting distance of central Stockholm and are strategically positioned near train and metro stations. These properties are built to a high standard and have witnessed strong demand from tenants.
“We are delighted to support Titania with a financing solution that enables the company to continue delivering its thoughtfully designed, well-located housing to address the acute undersupply in Stockholm’s rental market,” said Vishal Kumar, Managing Director at Värde.
“With the financing provided by Värde, several separate property loans are incorporated into one unified framework,” said Einar Janson, CEO at Titania Holding AB. “Within this framework, Titania will be able to replace both existing take-out loans on standing assets and construction loans on newly produced buildings. We are pleased to welcome Värde to the Swedish market.”
Värde has over 30 years of experience investing in real estate credit and assets with deep expertise across all major asset classes. Värde’s global real estate team is supported by in-house asset management professionals as well as a partnership with an industry-leading servicer and asset manager. As an originator of real estate credit solutions, Värde seeks to provide flexible capital and certainty of execution to borrowers.
Värde was advised by ÆRA.
About Titania Holding AB
Titania Holding AB is a Swedish real estate company that has been active since 2005, developing, building, and managing residential properties. With an integrated business model, the company oversees the entire process from land acquisition and project development to long-term management. Titania focuses exclusively on sustainable and high-quality housing in the Stockholm region.
About ÆRA
ÆRA is an alternative lending firm headquartered in Oslo and London, focused on real estate financing opportunities across the Nordics. By combining deep local expertise and access to global capital markets, ÆRA provides the Nordic Real estate market financing solutions across asset classes, including acquisition, Refinancing, and construction loans in Sweden, Denmark, Finland, and Norway. For more information, please visit www.aeracap.com.
About Värde Partners
Värde Partners is a leading global investment firm specializing in credit and credit-related assets. Founded in 1993, the firm has invested more than $100 billion across the credit quality and liquidity spectrum and currently manages $16 billion in assets. With local investment teams and partnerships in North America, Europe and Asia Pacific, Värde invests across private and public markets with a focus on real estate, asset-based finance and corporate credit. For more information, please visit www.varde.com.